Greece Debt Crisis Cannot Be Contained-Bill Holter
By Greg Hunter’s USAWatchdog.com
Financial writer Bill Holter says you can forget what the experts says about “containing” the Greek debt crisis. Holter contends, “Contained is famous last words. This cannot be “contained.” Greece is the canary for the entire world. The western world is Greece. The western world is massively in debt. There are derivative losses all over that place that are being hidden, and Greece is what sets off the realization that there are losses and the chain has broken.”
Holter goes on to say, “You have to understand that there are layers to this. The German banks, the French banks, the Greek banks and many of the various European countries’ banks hold Greek debt. They also hold Spanish debt, Italian, debt, Portuguese debt and etcetera. . . . It’s carried on the books of these banks at 100 cents on the dollar. . . . The problem arises if Greece defaults and truth comes out that, oh my gosh, the debt is only worth 50 cents on the dollar or 50% or 10%. Then these banks have to write down the loss, and that blows a hole in their balance sheet. . . .Greece is broke, and they are going to down sooner or later. Greece is insolvent and broke and when their bonds get valued in portfolios . . . those loses are going to have to be realized. That’s what this has all been about and not realizing the losses.”
As far as the value of the dollar, well, it all comes down to trust. Holter says, “The U.S. is no longer trusted. Can you imagine . . . the AIIB (Asian Infrastructure Investment Bank) being formed and Israel, France, Germany, and the biggest one is Britain, and them joining in 2008? No way. . . . It’s self-preservation, but I also believe that our allies are choosing sides.”
Holter warns there is a big reset for the U.S. dollar coming sooner than later. Holter says, “You have to ask yourself, what is the dollar going to be reset against? My thought is the Chinese have every reason to argue to reset gold higher because they have gold. . . . Any country that had gold, their gold would be revalued higher. If they hold gold in reserve means their reserves would be revalued higher. If everybody else is showing their gold, it would force the U.S. to show its gold. Mathematically, I don’t see any way the U.S. does have the gold. . . . I do know that, at some point, there will be a massive short squeeze in gold once the derivatives chain breaks. Once Greece defaults, or some bank defaults and the derivatives chain breaks, there is going to be a massive outburst of I want my gold, and I want it now. This will be the biggest short squeeze in the history of history.”
On what Harry Dent said about gold recently, Holter says, “The danger is that he’s scaring people into selling their insurance. He’s scaring people into selling gold, and that is your insurance and gold is money. I think Dent is right, that we will have a $100 trillion plus of wealth evaporate. Walmart and Target will not even be open. Try going to Walmart with your dollars, there won’t be anything on the shelves.”
Holter predicts, “We will be in marshal law by this time next year,” and adds, “There is something wrong and there is a storm out there, and the historical safe haven for all-time has been gold. The hope is to reset the system without crashing it, but I am not sure it can be done. There is just too much debt outstanding. I think everything will be reset, and China will lead the reset.”
Join Greg Hunter as he goes One-on-One with precious metals expert Bill Holter of MilesFranklin.com.
(There is much more in the in-depth interview.)
After the Interview:
Bill Holter is a prolific writer and posts fresh articles almost every weekday at MilesFranklin.com
I hope I am wrong.
Greece is a pimple on a pimple on a pimple compared to USA.
Let’s look at USA. China and other foreign investors have about $7T in USA backed T-bills. It is the famous loan to value equation (LTV)
LTV = loan amount/value of collateral
So if our loan investors decide to cash in, we are very roasted because bonds and tbills are way over valued. Therefore we cannot let them cash in.
What we do is nice deals like imports. We let them buy farms and Manhatten and etc.
But they still own $7 plus trillion of TBills. Well, as I have said before, $7T can almost buy all farm ground in the USA. Or 1.2 billion acres at $6,000 an acre. Idaho has around 4 million acre so at $6,000 a value of around 24 billion.
Anyway. Financial times are coming. That is why I am not sure Americans will do well with gold here in America. How will you cash it in on the USD with the biggest debt around it? You will have to wait until the dollar is gone and the reset currency is in.
That is just my paranoid opinion.
it takes only a small amount of force to topple someone on a tightrope.
Great interview as always! I have a question I would like to pose to you or any of your readers in relationship to the world reset Bill mentioned near the end of the interview.
If the currencies of the world are going to reset where does that put the Iraqi dinar and the Vietnamese dong in relationship to the other currencies since they are so undervalued compared to the US dollar?
I am sure the dollar will drop say 30 to 50% but if these two currencies reset to anywhere from 10% to parity of the dollar won’t that be a large net gain?
I have read some of sales pitches for owning these currencies before the big reset but what say you all? :o)
In CHRIST! Rob
That’s a tough one to answer because the deck is going to be completely reshuffled. My guess is that each countries currencies in the new order of things will be determined by the amount of hard assets (IE Gold) to back them. That’s why the Chinese have been buying such massive amounts of Gold. That’s my take.
true crapshoots in my opinion.
I don’t want to hold the fiat US dollar … and you want to play with fiat currencies depreciating between 10 and 20 percent per year? Each to his own … but remember buy low and sell high … the way the guys on e-bay are doing it! https://www.youtube.com/watch?v=mxtRnGndU2Q
What an absolutely first rate interview.
IMO Bill as always is spot on with his humble common sense approach.
I have absolutely no doubt whatsoever that he calls it as he honestly sees it and not just to a preordained agenda.
My call is that Grexit and the recent meeting of the OMFIF in Washington are the two big stories out there at the moment.
I also listen up big time whenever Alasdair Macleod says anything and if you check out this link his thinking goes right along with Bill’s re the Washington meeting;
Greg no one on WD has answered my question yet;
“What % of the US population joined the soup queues at the height of the great depression?”
Would you hazard a guess my friend?
I have a feeling the true figure could be very revealing indeed.
Good point Col …
Ans: 25 million out of work
Today the figure is 91 million out of work!
My grandmother told me about 12 Million people. But that’s a rough guess, because they really had no way of obtaining accurate figures during that time, because people were so transient looking for work,
thanks Colin for your kind words. Unemployment reached 25% in 1933.
The height of the Great Depression was 1932/1933 depending on what resource you are referring to. That translates into approximately 20-24% unemployment depending on the reference used.
Welfare as we know it was unknown in those days, with Churches and other societies filled those needs. I am guessing far fewer people went to those soup kitchens than the average person today would guess, as it was considered a blight on the family if one was forced to use those facilities. I do not recall seeing photos of families in those lines, but rather men in suits with hats; many men went looking for work to provide for the families, so that may be the reason.
My family lived in a well known NJ city as well as a NYC borough. Neither family had a lot of money. My paternal side was in dire straights as my grandmother was a widow with a child. She had a meager income, and food was scarce. They were allowed to live in a house that should have been razed, and cooked with creosote bricks-both escaping any poor health from it. The other side did better as six adults and two children living in one house, pooling their resources together. They ate a lot of day old bread and soup. A big argument came about with my mother’s father getting a box of food due to being a WWI vet. It was considered a shame on the family as if it were welfare. It was not.
You may be confusing the issue by comparing the attitude today verses the attitude during those times.
I do not think that the 1929-1939 Depression is a good example for us today,as Mr. Holder pointed out the depression had deflation instead of inflation. I propose A better example may be the Confederacy. They had no manufacturing to speak of, confiscation from both governments, and compounded with the results of war, absolutely no goods available. It took 100 years for the south to recover. Unfortunately, we do not learn from history, and it will be to our sorrow.
I hope this helps with your question, as I do not know exactly where you are going with your question.
Its martial law….not marshall law:-)
It looks to me like Bill hit the ball out of the park. I think he put a lot of DENTS in Harry’s point of view. Somehow I would probably sleep better at night mostly following Bill’s way of thinking. But some paper dollars under the dog house makes a lot of sense for some insurance. But T-Bills seems like a suicidal endeavor for more than 40 days and 40 nights. I look forward every day to reading Bill’s daily rants.
thanks Michael, yes, I believe paper will spend for a short time until people refuse to accept it …then you will need silver.
This USA ‘Gold’ price reminds me more and more of the old Soviet Union official exchange rate for dollars to rubels being much lower than the market rate.
Gold is Money
Currency is short lived manipulated notes that should convert to Gold.
Legal tender is what Government decides we should use to ‘trade’ with.
Do not be surprised if we have a new legal tender, possibly electronic after the reset.
You Can Cope With Uncertainty
“CERTAINLY!” “Sure thing!” “Guaranteed!” You have no doubt heard such expressions many times. In our daily life, however, there is not much that we can be sure of. Life is so unpredictable that we often wonder if there is anything that we can be absolutely certain about. Doubt and uncertainty seem to be a part of life.
Understandably, most people desire security and happiness for themselves and their family. They work very hard to acquire the things they believe will make them happy and secure—usually money and material possessions. However, an earthquake, a hurricane, an accident, or a violent crime can wipe out such possessions instantly. Serious illness, divorce, or unemployment can change lives overnight. True, such things may not actually happen to you. Yet, just knowing that something terrible can happen at any time is a disturbing and distressing feeling. But that is not all.
Uncertainty is synonymous with doubt, and one dictionary defines “doubt” as “uncertainty of belief or opinion that often interferes with decision-making.” Furthermore, according to the book Managing Your Mind, “uncertainty about something important is a major cause of anxiety and worry.” Doubt unresolved can lead to anxiety, frustration, and anger. Yes, worrying about what might or might not happen can harm our mental and physical health.
As a result, some people go to the other extreme. They are like the Brazilian youth who said: “Why be concerned about what is going to happen? Today is today, and tomorrow is tomorrow.” Such a fatalistic “let us eat and drink” attitude can lead only to disappointment, distress, and ultimately death. (1 Corinthians 15:32) It is far better for us to turn to the Creator, with whom, says the Bible, “there is not a variation of the turning of the shadow.” (James 1:17) If we examine God’s Word, the Bible, we will find sound counsel and guidance on how to cope with the uncertainties of life. It can also help us to understand why there is so much uncertainty.
…and do he best you can with what you have
Greg, what Bill Holter talks about regarding breakdown in society and Martial Law is the exact reason we as Americans need to stand up with Hillary in 2016. People are painting a dire picture about the future, but we dont need to stand for this view and accept this outcome. Hillary has a vision for America where we restore our greatness and compassion for the people. Hillary is the champion of the people. Lets make her the personal champion of every man, woman and child so that the American dream can live, thrive and prosper for the next century.
Greg, If I am getting paid, then surely millions and millions of supporters are also getting paid. What we are witnessing is a grass roots movement. The American people are standing up and saying “No” to the politics of personal destruction. Hillary has opened a real dialogue with the American people unlike the old tired politics of the past and we are learning that we as Americans can all share in the bounty of America. I believe that finally after years of wandering the desolation of history, that we are finally ready to hear the message of national salvation. An American can do attitude.
Sorry Gina, you missed your chance, Ron Paul would have been your candidate…but alas, the establishment did everything but put a bullet in his head. Get ready for the real pain to start as this country redlines past the last few “bridge out” signs.
Greg, speaking of Hillary, looks like Baltimore came to her rescue, its off the news cycle, Billary & company probably will find a way to make some millions from the burn.
hillary clinton will be worse than obama. she is a war monger who will take the country to war. after libya she should be impeached and charged with crimes against humanity .she is supported by the 1%. champion of the rich and the criminal. her vision is for the 1% and herself. her charity is a scam as well .only a dope would push pro clinton views
10 to 1 Gina is a paid troll. No one else could be that much of a zombie.
Yes, she’s got to be paid. Hillary- What difference does it make? – Clinton, supporter of Monsanto and mandatory GMO food, vaccines, micro-chipping, etc. Oh, and Hillary- erased all her business emails so no one can track her treasonous deals- Clinton, wife of Bill- repeal- Glass-Steagal and shipper of millions of American jobs over seas Clinton…..that’s the Hillary who would save the US? Right, save us by putting us in FEMA camps, with free govt health care. Oh, and we get to have more food stamps, while her personal fortune goes into the billions.
Thanks for Holter’s talk, Greg.
Gina my dear you are one very sick puppy!
– Personal Champion for themselves, not us.
While Hillary Was Secretary of State, Foreign Corporations in Favor of TPP Paid Bill over a Million Dollars – http://www.alternet.org/news-amp-politics/while-hillary-was-secretary-state-foreign-corporations-favor-tpp-paid-bill-over
“Could Clinton’s silence on the matter be due to a serious conflict of interest?”
“The Clinton family’s mega-charity took in more than $140 million in grants and pledges in 2013 but spent just $9 million on direct aid.”
“Records show that Bill’s earnings from appearance fees — both foreign and domestic — spiked at $17 million in 2012, Hillary’s last year at State.
During Hillary’s four-year stint as secretary of state, the ex-president earned about $48 million of a $105 million speaking haul amassed between 2001 and 2013.”
– Coincidence, I am sure.
“Her position was further undercut when the family foundation announced it would refile five years of tax returns. In one three-year period, it omitted tens of millions in foreign contributions, reporting “zero” to the IRS. In another two-year period, it admitted to overreporting government grants by more than $100 million.
A foundation aide described the errors as “typographical,” which is bizarre — and par for the Clinton course. To concede the errors during the firestorm must mean keeping them quiet was an even greater liability.”
– I am glad this is unfolding in internet time so we can move on to uncovering the republican candidate’s corruption well before the election.
I don’t know how, but we need a third party or choice that’s not extreme like the neolibs and neocons – something we can believe in and get behind to repair all the damage.
– It will not be easy, nor should it be, it will take sacrifice and pain.
– Now who is really behind the Baltimore riots and seeking to divide us? – Key.
– We should all pray for that. Pray for our country, and our people including cops.
This reminds me of Pre-Nazi Germany and Pre-Bolshevik Russia with a heaping helping of domestic and foreign globalist influence. Beware.
Gina … do you drink fluoridated water? … Do you breathe aluminium and barium contrail dust? … How about Gina-ticly modified foods that have been shown to impair logical thinking? … Where has Hillary been with regard to restoring our health and vision with regard to these simple issues … instead this champion of the people has done nothing to restore the peoples health or wealth … the American dream you talk about has been reduced to “hoping we won’t get cancer” … and how can anyone possibly thrive and prosper into the next century after she allowed her husband to remove all restraints from the banking system making us all paupers! Some Champion of the People alright!
Your ignorance is breathtaking. My advice. Enjoy your government pay check while you still have one. You won’t have them much longer.
Gina, you are so funny!! Hillary is a champion of the people??? The only people she champions are the Elite and the foreigners who contribute to her “Foundation”. Everyone else will be treated like those pitiful souls in Benghazi; they will be left hanging out to dry – defending themselves as best they can and getting slaughtered in the process. Hillary a champion of the people??? Yeah, just like Hitler was.
Gina, Why did Hill take all the dinnerware with her when she left the white house even after complaining about the Reagan’s spending the taxpayers money for replacing the old stuff. Any truth to it and if so, doesn’t sound like much of a champion for the people, especially if it’s true they cleaned out the REST OF THE “house of the people” loading up the u-hauls! SHE SOUNDS AS IF SHE’S A MONEY GRUBBING HUSSY !
Gina what’s your M.O. in all this anyway? Do you really believe there will be an election? Are you a paid agent?
You’d be a great guest here, I’m sure it be a first and so interesting to say the least! Just giving us a few tidbits would be so reveling, you actually come across as a likeable person, whomever you are?
P.S. What’s Hillary’s fascination with Sore pus all about? THEY HAVING AN AFFAIR? I hope it’s only intellectual!
If you were a guest, I’m sure Greg wouldn’t grill you too hard and you could disguise yourself and voice, it be a real hoot!
Maybe your Hillary herself? Think of the money your saving!
I meant, ” Sore Sour Puss”, for old Georgie!
Gina: Greg is correct- Hillary is nothing but a sell out, anything for money. She is higher up in the ranks than even Bill the slime-ball in the Bilderbergers. This women is pure evil- she had Amb. Stevens murdered in Benghazi- fact! Then there was Foster, murdered in DC the night before unveiling the Clinton’s . Nothing but corruption follow these to traitors.
Hard to believe people still are so blind to these political thugs!
I agree with Greg. If you are NOT a paid troll, you are either naive or sadly mistaken. IF we have elections (staged or not, they really don’t offer us a meaningful choice) in 2016, and IF Hillary is “elected” (i.e. chosen for us by the elite), then it will be time to cover every flagpole in this country with black crepe, for that will be a certain sign that our country has finally died and hope is no more.
If you were well-informed and had followed the money trail, going all the way back to the Clintons allowing the airport at Mena, Arkansas to be used for delivery of drug shipments, not to mention the body counts of people who mysteriously died (like Vince Foster), you would know that both of the Clintons have only ever been in this (politics) to benefit themselves. Bill came into office during a real estate scandal, and of course we know the rest.
If you think Obama is bad pookie, then Hillary would be the same, only ten times worse (if that is possible). She is a shallow, hollow, self-serving, power-hungry, venomous scab on the idea of what a woman should be. To even think of her actually coming into office makes me ill, and I am both a woman and a feminist. Wake up and smell the coffee!
no comment other than “NO” to all that you wrote.
Gina, whatever you are being paid to debase yourself touting HC, it’s not enough. I don’t care if it’s as much as $100….it’s not worth it. To hold this woman up as a beacon of light that we all should look to, is farcical. This woman cares about one thing, and one thing only….herself. She is quite possibly the most cheated on woman in history but she dutifully accepted it and “stood by her man” with the promise that she would be rewarded later. If that doesn’t define her character, nothing will. How in the world can she be counted on to lead the Country….she couldn’t handle the State Dept. but hey….What Difference Does It Make?
Some comic relief for Tuesday.
You should market whatever it is that you are taking.
Bill makes a great point
If $100T evaporates how would the banks/brokerages holding the dollars Dent says you should keep survive?
In addition, if that amount of paper wealth evaporated what would that do for confidence of paper assets like dollars, the denomination of much of the debt in the world?
Cash may be a convenient medium of exchange (if its not banned or restricted) after a crash but if there was an event ao large, new currencies would be introduced and dollars would probably be reduced in value.
If such a tumultuous environment comes to pass, gold would store wealth and barter item keep people going.
The bankers won’t let their “imaginary money” evaporate … because they will simply “imagine” that it still exists and continues to have “imaginary value” that can’t evaporate!
correct to all of it. I wrote an entire piece on this and is archived at Miles Franklin titled “dangerously “Dent”ed logic”.
Greece was selected by Rothschild to destroy the EURO! Other countries as Portugal, Italy are not much better. This game is great Greece-Rothschild theater. It is to distract that the entire euro debt-money system is bankrupt. As long as they can still reprint Euros digitally out of “Nothing” , they will not let Greece go bankrupt.
you have to read this book about the EU: “The Nazi Roots of the ‘Brussels EU’ ”
than you know much more about this “Organisation”.
we will see.
In the state of chaos, SOMEBODY has to certify that your gold bullion is legit before I give you a loaf of bread, roasted lamb or toilet paper for it. Not being sarcastic, just trying to picture “Certification Offices” all over Post Rodney King Event landscape.
Bill Holter and Rob Kirby are my favourites . They present their analysis with no BS and alarmist hype.
The real rate of inflation since 1970 has been 7% pa and both wage earners and investors have been losing out, while big bankers have cleaned up.
The second form of democracy should be mutual banking societies in which mortgagees and depositors share in the new money created either as debt or reduction in the cost of borrowing new money. We cannot trust big Govt or big bankers so the power of money creation must go back to the people.
A really good site Greg . I like your unassuming presentation.
thank you Ross.
Well said Ross!
Glad to hear Bill Holter make mention of Jade Helm 15 and his belief of martial law might just be around the corner. He also was of the opinion there may not be an election in 2016, which is what I have been saying for about a year now.
So what is Jade Helm? First let’s look at the motto: “Master the Human Domain” Quite simply I think it means someone is planning to control the people/population where they live and where they work. Of course it can be interpreted differently but it does imply domination over a population unless someone can come up with something else as I am sure they will.
Next we come to the logo/symbol which contains 3 objects. We have broken arrows and the term “broken arrow” is the military code for “direct all fire on my position”. When someone calls out “broken arrow” all hell is about to break loose.
You can also see there is a sword in the middle of the logo. A sword has a number of symbolic meanings and if you do a search you will find the symbolic meaning at the top of the list is for the word “aggression”.
The final symbol, though harder to see is a wooden shoe. This is by far the most ominous of the 3. Many may quickly relate the wooden shoe to Holland, however, there is another historic group who once were give wooden shoes to wear as you will see here. https://www.youtube.com/watch?v=DfHGwPHg818#t=66
If you would like to see a clearer picture of the wooden shoe you can see it at the 58 second mark here https://www.youtube.com/watch?v=eRSDQq16R4g#t=21
I also wondered why anyone would need to come up with name, motto and even a cryptic logo for what is being reported as more or less a routine military drill. As far as I know, every major military campaign in the past such as Desert Storm and Desert Shield had just a name – which was quite clear with no mottos or logos which to me implies something much larger is going on.
But what jolted me the most was the name itself – Jade Helm.
If you enter jade helm into the Google translator check Hebrew and see what it is in English you will see “Did you mean:” Click on what is highlighted in blue and see what Jade Helm means in Hebrew.
If this doesn’t open your eyes than I guess nothing will but of course this is all just another conspiracy theory like 9/11 and all the other false flag events, right?
“West Shock”….wow. I had a sense that somehow “Hebrew” was involved but couldn’t put it together. Thank you.
Klemens: your spot on!
I think you have come to some erroneous conclusions regarding the Jade Helm logo. The arrows are crossed, not broken. (A “broken arrow” is military jargon for “an accidental nuclear incident that involves nuclear weapons, warheads, or components but which does not create the risk of nuclear war.”) The center image is a “ghosted” (faded out to near invisiblity) sabot, or wooden shoe. Sabot is the root word for sabotage, and the second form of sabotage outlined in the OSS manual is the “human element,” hence the term “Mastering the Human Element” underneath the logo.
It is my opinion that the reason the sabot is nearly invisible is that the training exercise will seek to infiltrate and direct the local population, a la Sun Tzu tactics. To me the most credible video regarding the true nature of JH is at https://www.youtube.com/watch?v=36gR9a-Db90. All the rest is paranoid hype and speculation.
It is also my opinion that this training exercise is PREPARING for tactics to be used later in bringing down this country and turning one person against the other, as occurred in Nazi Germany. It is not “the event” itself, but is leading up to it.
It IS SCARY Jim!
What’s also very interesting an ominous, is if you go to your link on the Jade Helm wooden shoe, to 8:36, you’ll see the patches of the prisoners. Look at the purple patch, you’ll see, “Bibelforscher,” then google Bibelforscher and you’ll see the German into English translation;
“biblical scholar” one who studies and is proficient in the bible
Worse yet some dictionary’s point out the term “Bible Students-Bibelforscher” was used for a particular religious group that refused to fight for, “God, Country & Adolf Hitler!”
Look’s like ole times are soon to be here again. Remember, just before Hitler dearly departed, he said, “when I come back no more mister nice guy!” Suffice it to say, “he was pissed’ and I don’t mean drunk, mate. Should have been though!
7th SFGA AO includes latin America so the language preferred in Spanish.
Greg, your website is a godsend in this web of deceit. People are hungry for the truth. You’re a real Patriot & we are all grateful.
Bill Holter is another godsend. I read his site everyday & trust his judgment as well. We must never give up hope because we must all remember, we have God on our side, how can we lose. Also, we outnumber them.
Reminder ~ Hitler is back & this time he’s black.
West Shock!! Boy oh Boy, that says it all, well done Jim G
Greg, you’ve redeemed yourself. After having 2 clowns on, you have a straight shooter on today. This guy makes sense, and doesn’t seem to have ulterior agendas. Thanks for finding a “real” guy, not a circus clown.
Scary stuff, I wonder if this is some type of ploy to psychologically intimidate us into submission!
Oops, my post was meant as a reply to JIM G
thanks Mack, I tell it as I see it.
Sound is better today but still needs help.
I have a $300 sound system on my PC which is why I can hear things that others can’t.
Sound is important when you are doing videos for public view.
Alex Jones has spent much time and money on creating studio quality video and sound.
It’s part of the reason why his show is popular.
I’m not ragging on you Greg as I think you have a great show.
I think it can be better received if you pay more attention to technical stuff.
On the topic of today’s show
The US banks can’t take your money.
But the FDIC can make settlements.
The bank will close and the FDIC can say we will settle each account for 10%
This will only happen if we have a large number of bank failures
As for what happens down the road.
I still go back to my belief that the Fed will zero out the Federal debt.
If they don’t do that the federal government debit will spiral out of control.
It will hit trillion dollar a month deficits!
This will happen due to a major drop in the tax income and a major increase in expenditures to cover costs of supporting and policing those out of work.
How much do riots cost to control and what if 70% of the country’ s work force is out of work? The cost to prop up all the states would be beyond what can be maintained.
Inflation is God to the Federal Reserve and they will do what is required to get it unless the laws prevent them from taking what they believe is required actions .
Also without the US government the Fed is dead unless they get an international agreement that they are still in control of the US dollar.
Now there’s a dangerous thought.
bought a new microphone but am still working on it.
Greg, I would like for you to have Harry Dent and Rick Ackerman back on your show in October to discuss their economic forecast that they’ve been peddling. Somehow I don’t think they would accept your invitation, because they’re going to be to busy dodging their investors. Or in Ricks case visiting his haberdashery.
This time around, its for all the marbles because there will be no bailouts. China is not coming to our rescue like 2008. They’ve had enough of our market manipulation, our lies, and our debt. They gave us seven years to get our financial house in order, and we blew it. Their currency system is scheduled to go on line in September. Plan accordingly.
I really hope that people are listening to Bill Holter, because he’s telling the truth. And that’s refreshing after all the smoke we had blown up our skirt last week! Thank you Bill.
Greg are we taking bets on what the Fed will do the next two days?
I’m going with nothing.
thank you Jerry, you are correct, it is for ALL THE MARBLES! now.
Jerry, “Refreashing yes, and he’s got guts, a sport, an’ a dinky-di soldier!”
LOOK AT YOU WATCH.
It is the 11th hour.
History will remember this time.
Is that 11 AM or 11PM?? in the Fall sometime? … You should be more definite like October 22, 2015 at 11AM!
Hi Mike, I knew you would watch!
Hi Greg, thank you very much for presenting challenging views, to take a look at all sides of the coin with an open mind. In 2008, I realized the old days of safe banks and a modest return are over, as they made a gambler out of all of us, as I hated to become a gambler with my financial resources. Gold is not a commodity, the gold market is smoke and mirrors, as predictions are tough/impossible because of that, but sure is an insurance, as hard assets are in general. Willem Middelkoop predicted a total crash as from 2007, recent times he sees a transition into a new system, strongly advocating gold/hard assets though. I hope he might be right. He wrote yet another book ‘The Big Reset’. In the West, he considers himself seen as an underground figure, but the Chinese and Russians take his book very seriously on a governmental level. If someone doesn’t know what to do, it could be an idea to follow the Chinese, and their infinite appetite for hard assets. To be over confident like Harry Dent could be dangerous, as it closes down an open mind for other scenarios. Whatever the conviction, one should advise “some” hard assets anyway, as Harry Dent didn’t. Commodities are finite, while the world population is growing, paper assets are infinite. Listening to opposing views, I stick to my bet on hard assets, as we are forced to gamble with our financial resources. Whatever you hold, it’s a gamble.
As I wanted to end my contemplations about the weird topic I have been posting
before, the spirit world showed a very bright white light traveling with me when I biked home after I went out for a drink, some six nights, to remain behind my home for an hour, fuelling a special feeling. The unravelling time is not near, but they surely wanted to acknowledge it will be one day. May the view of the founding fathers of America go viral one day. Expect the unexpected. May Love be the guiding star in your life.
Floodlights of the police car? LOL
Bill Holter is rapidly becoming a favorite analyst. No axe to grind; just good, sound rational argument. Reminds me of Jim Sinclair (hint, hint…) Good work and thanks.
thanks Matt, Mr. Sinclair has told me he will be back on again but not when.
Bill is my favorite I read his article from Miles Franklin everyday.
thanks for your support!
Holter is terrific. Great interview and very timely. TPTB are
worried and day of reckoning is fast approaching. Got Gold.
and don’t forget the other 3 G’s.
Okay i see the test message in “moderation” so i must have messed up the previous one. Here’s a link i recommend to you and your readers and a topic that i think deserves some coverage on your site. Immigration is out of control (51 million legal and illegal immigrants since 2008). Many are refugee’s from the ME and they are going to overwhelm the system…
I have a secret hiding place filled with booze and bullion. I hope I can survive.
It seems to me that primarily stacking gold for use during a collapse is not the wisest way to protect yourself and family. I think we can assume that gold will be at minimum worth 5K/oz. That makes a tenth oz coin worth the equivalent of $500. So how much will you “pay” for that can of beans in a collapse scenario if the smallest coin you have is worth $500.00 ? IMHO silver in both the pure form and also as “junk” is the way to go……at least during the beginning of a collapse. I think silver will skyrocket over time, but initially silver will be valued, in dollar terms, much less than gold and therefore will be more easily exchangeable for product. Likewise, booze and other barter goods will be much better in smaller portions. Also, buying in large quantities will be difficult to source and possibly unsafe.
just don’t forget where the hiding place is!
Excellent interview Greg, very informative discussion.
The first part of the interview on Greece was absolutely correct — Greece is a problem that TPTB can’t acknowledge or the entire house of cards will fall. So they keep kicking the can.
With China sitting on 9000 (provable) tonnes (and with UK/France/Germany joining the AIIB as background), I can’t see how China will be kept out of the SDR; they have a huge economy with a big stack of Au.
Assuming that Greece does default and China is brought into the SDR, the big issue in my mind is what happens first. Will the China led currency/SDR/Gold reset happen before Greece formally defaults, or will Greece go first. The first would be proactive and might be a controlled reset. Could that reset keep Greece from defaulting? If Greece goes first, things could cascade out of control until some form of equilibrium is found near a bottom.
Timing is everything and could determine if the system is crashed or if the world economy can get through a major reset of multiple currencies (and gold) intact. When is the decision on Chinese Yuan being included in the SDR basket? From what I’m reading Greece may be very close.
I don’t think you have to worry about timing … because if Greece defaults the the powers that be will simply keep all Greek debt on their books at full value … you know like the Fed did with our Banks when the real estate bubble burst! … As for when the Yuan will be included in the SDR the date set is most likely October 22, 2015!
the timing is the most difficult to call.
Confiscation may play into the picture. If so there would be some form of retribution. In my mind gold, and sliver will be a big win win even if it is devalued. So those owning metals will do better in a collapse.
Unlike gold … confiscation of silver coins has never occurred in history … so owning silver may be the better bet!
If they go electronic money. ….what’s to stop governments from confiscating all gold and silver? Their claim that it is being used like a black market for illegal activities.
They have electronic records of all transactions with the US and Canadian mint.
I fear a global reset is being planned.
I hope the good guys will be planning it.
which is why some metal should be held offshore.
The headline “China’s Payment System Ready” pretty much say’s it all doesn’t it?
Anyone who doesn’t think this is NOT going to have a dramatic effect on the dollar is a fool. How can anyone say the index is going to continue to go higher when the dollar loses reserve status and dollars come flooding back to our shores? Inflation ? Deflation ? What difference does it make? Either way, your dollar will be worth-less.
I agree, Jerry. The greenback will only have value for a very short time after the collapse. Soon we will be awash in worthless dollars, especially after they all come home to roost which is happening now. Think Wiemar Republic
yes, either way the dollar will be fiercely attacked.
Jerry. Thought you would like this. https://youtu.be/Vhye-YbQ9kg
The Scriptures provide a realistic view of life and help us to cultivate the proper attitude toward uncertainty and change. Though family connections, social position, intelligence, good health, and so forth may provide a degree of security, the Bible shows that we cannot take such things for granted or expect to lead a “charmed” life. Said wise King Solomon: “The swift do not have the race, nor the mighty ones the battle, nor do the wise also have the food, nor do the understanding ones also have the riches, nor do even those having knowledge have the favor.” Why not? “Because time and unforeseen occurrence befall them all.” Hence, Solomon warned: “Just like fishes that are being taken in an evil net, and like birds that are being taken in a trap, so the sons of men themselves are being ensnared at a calamitous time, when it falls upon them suddenly.”—Ecclesiastes 9:11, 12.
Jesus Christ also spoke of a time of extreme anxiety and uncertainty that would come upon a whole generation of people. In vivid language, he said: “There will be signs in sun and moon and stars, and on the earth anguish of nations, not knowing the way out because of the roaring of the sea and its agitation, while men become faint out of fear and expectation of the things coming upon the inhabited earth; for the powers of the heavens will be shaken.” Yet, Jesus pointed to something positive for honesthearted people today: “When you see these things occurring, know that the kingdom of God is near.” (Luke 21:25, 26, 31) Similarly, rather than being in fear of an uncertain future, we have faith in God that helps us to see beyond the uncertainty to a wonderful, secure future.
Do you have a position on the “blood moons Gert?” Sinc you mentioned a scripture referencing such signs?
The ‘Blood Moon’ Prophecy?
Aussie Jeff Down Unda,
‘Blood Moon’Could a series of four “blood moons” be connected to the return of Christ and the end of the world?
That is what some religious leaders are interpreting from the biblical words at Joel 2:31: “The sun shall be turned into darkness, and the moon into blood, before the great and terrible day of the LORD come.” — King James Version.
The words were later quoted by the Christian Apostle Peter at Acts 2:20. Revelation 6:12 also foretold a time when the sun would become black and the moon became as blood. Does the recent announcement of four blood moons appearing over the next 18 months spell doom for the world?
An official statement released earlier from the National Aeronautics and Space Administration (NASA) said, “For people in the United States, an extraordinary series of lunar eclipses is about to begin. The action starts on April 15th when the full Moon passes through the amber shadow of Earth, producing a midnight eclipse visible across North America. So begins a lunar eclipse tetrad — a series of four consecutive total eclipses occurring at approximately six-month intervals. The total eclipse of April 15, 2014, will be followed by another on Oct. 8, 2014, and another on April 4, 2015, and another on Sept. 28 2015.”
“The most unique thing about the 2014-2015 tetrad is that all of them are visible for all or part of the USA,” says NASA eclipse expert Fred Espenak. NASA also announced there will be eight sets of tetrads before the year 2100. But some believe these latest “blood moons” are more unique than meets the eye, especially since the two in April occur during Passover, and the other two will occur during the Jewish Feast of Tabernacles.
The problem with this theory is the fact that God’s Word does not say a series of blood moons will signal something traumatic or world-changing in Israel. Joel 2:31 specifically says, the moon shall be turned into blood, “before the great and terrible day of the LORD,” not before something traumatic or world-changing happens in Israel.
Any connection to the biblical phenomena with something traumatic in Jerusalem comes, not from the mouth of God, but from the minds of men trying to interpret God’s Word. There is a huge difference. Instead of resting our hopes on one celestial event, Jesus Christ foretold a composite sign to let us know that his return was imminent in Matthew Chapter 24. Please, read it for yourself.
The first warning Jesus gave according to Matthew 24:4, was to watch out that no one deceives you. Then in verses 6-14 Jesus foretold wars, earthquakes, food shortages and diseases in one place after another, including an increase in lawlessness and persecution against Christians while they engaged in a worldwide preaching work about God’s kingdom.
In Matthew 24:29-30, Jesus said, “Immediately after the tribulation of those days shall the sun be darkened, and the moon shall not give her light, and the stars shall fall from heaven, and the powers of the heavens shall be shaken: And then shall appear the sign of the Son of man in heaven: and then shall all the tribes of the earth mourn, and they shall see the Son of man coming in the clouds of heaven with power and great glory.” — King James Version.
Was any one of these events, in itself, a sign that the end was near? No. Jesus said at Matthew 24:33, “When ye shall see all these things, know that it is near, even at the door.” — King James Version. Did you notice that Jesus did not limit the foretold heavenly phenomenon to the moon turning into blood?
Instead, he elaborates on a series of celestial events where “the powers of the heavens shall be shaken” and “all the tribes of the earth” are affected — not just Israel. Could God’s Word, then, be referring to something far more troubling than what NASA sees in these sets of four blood moons? Only God knows for certain.
Actually, the Scriptures do not say whether the moon will be turned into blood for hours, days, months or years before the great and terrible day of the Lord. There is no way to know for sure until it happens. At the same time, servants of God are warned to keep on the watch at Luke 21:36, because something will eventually trigger what everyone has been waiting for — our standing before the Son of Man.
But isn’t speculating on specifics when the Bible is not specific like putting words into God’s mouth? Instead of letting the Word of God speak for itself, would you prefer to risk being guilty of adding to the Word of God, Galaxy500 warned us about, thus making the Bible appear to be false, when in fact, it is human interpretations and their failed expectations that prove false? Why not simply wait and see?
It seems God has shared as much as He wants us to know about the future in His Word. While we are all free to listen to whomever we want, to read whatever we want and to speculate as much as we want, let nothing replace your reading, studying and meditating on the Bible. Keep watching. Keep waiting for God.
Then once in a blue moon you may actually see a blood moon and be reminded, not only of the creativity and colorful power of God, but also about the wonderful blessings that are yet to come.
yes, the most important of the 4G’s!
Is that God, Gun’s, Gold & Garden? We wont need the guns and eventually wont need the gold, but me thinks we better get used to liking gardening or we’ll end up like our great, great, great, few more hundreds great grand parents, cousin Bill!
Always love Bill’s opinion. It is very hard to argue against good logic.
My one question is whether it is possible for the gov’t to introduce digital currency (in order to track/tax everything), and if so, can they lower neg interest rates even more? It’s not like you could take out something from the bank because it would be all digital…rather, it would either steer you to go into the stock market or make you buy more stuff in the hope that this would rev up the economy. Of course, you have one more option…buy precious metals.
The reason Chase bank and the Fed want to do away with “cash currency” is because it “limits” the negative interest they can charge depositors. Right now people who have money in a bank (being charged negative interest) can simply take that money out “in cash” and just hold it to avoid the negative interest they are being charged by the bank. However … if “cash” is gotten rid of … and the only way to hold money is “digitally” in a bank account … then the Fed can charge you any amount of negative interest (20 percent … then 40 percent negative interest … or more … I wouldn’t put it passed them to take 97 percent of your savings … but wait a second … haven’t they reduced the dollars value by 97 percent already!!
Going “Digital” bothers me greatly. That would put all of us completely under the watchful eye and under total control. They are installing digital meters on our homes which allows “them” to track when you shower, cook dinner, or do the laundry. Not only that but they will know when you leave your house. They track you walking or driving down the street. They can see through walls and clothing. Your mail (they even take pictures of snail mail envelopes!), phone, and even person to person conversations are available to them with listening devices and televisions and computers that record conversation and movement. If you try to live by barter, they will know it by your digital rabbit trail. Try to eat “off the grid” and they have satellite pictures of your property. The only freedom and privacy we have left is what we buy with cash (as along as a camera doesn’t capture your purchase!) This is akin to life in Berlin a few decades ago.
I believe a digital currency will eventually come but keep your real wealth out of it.
Greg, Thanks for having this interview. I did not have time to remark on the interview with Harry Dent. I cannot image a professional not understanding what real money is. For thousands of years it has been gold and silver. Had a friend who only listened to Dent. Had dinner with my family and informed them the money they had in the bank was no longer theirs. . . blank stares is what I saw. Then I told them our Congress agreed and not only went along with that idea but also said bank bail-in’s are okay. Maybe it will be helpful if it takes time for it to sink in. Have to start somewhere to try to wake the family up.
With this fabulous site you have allowed multiples of professional peoples to give their take and we can make the decision. All the countries want self-preservation and will make a lot decision known and unknown to insure they survive to the best of their ability.
Also this interview was very helpful to me because he was so succinct. I also think he was well versed in a lot of subjects that deal with what is really happening. Thanks!
thank you S Girl, isn’t it sad when your family looks at you like you are the idiot?
I guess it all boils down to the fact that we all need to take a good, long, hard, cold look at the people who have put themselves in charge and what it is they are doing with the power they have; then we need to consider how much we are willing to trust them.
I mean we got perverts, liars and thieves wielding a considerable amount of power, are we good with this? I am preparing to live and die in a world of total ruin.
Perverts, liars and thieves (wielding all the power) are not noted for being kind, gentle and intelligent people … they are just ruthless and self serving psychopaths … they should all be rounded up and sent to Mars to colonize that planet … you know the way England sent all its criminals to Australia … learning to conquer a new world may put some sense back in them as can be seen by Australians today being head and shoulders above the Wall Street gang.
Don’t forget the American colonies got the bulk of the criminal element all the way up to the deceleration of independence, 1776! But that didn’t stop Al Capone, did it!
Leave it to Beaver and Superman are long gone!
Thanks Greg for having BH on again. Much more than many of your other guests, he connects the dots in an understandable way. But the financial issues are only the tip of the iceberg relating to the psychotic criminality of those who set policy in this country. The concerted, although incremental, depopulation agenda should be uppermost in the minds of all; from GMOs, vaccines, chemtrails, fluoridation (all decades long) to the current non-reporting of the effects of the totally unstoppable Fukushima radiation, the goal of having only 65 million US citizens by 2025 is well withing reach.
As Rob Kirby would say, “Hear, Hear”.
no question, depopulation is part of the plan in my opinion.
Holy crap! YES! Greg you said something about holding coins at about 28min into your interview. This is exactly what we the people should be doing for all our transactions. Article 1 section 8 clause 5 gives the federal government the power to coin money. We don’t have gold and silver coin for circulation there is nothing we can do about that right now. It took the federal reserve 20 years to kill gold coinage and another 30 years to kill silver coinage, and then another 20 years to kill the copper pennies. See where I am going? We have to begin walking it back by demanding the crap coinage that is currently available for payment of our wages. We have to STOP using bank credit (FRN’s, CC’s, etc.). It sounds stupid but it is the only non-violent way we can begin taking back our monetary rights from the banks. The seigniorage that would be realized by the Treasury would begin the process of extinguishing bank credit currently masquerading as money. Like Neo returning to the source in the Matrix. There is no other non violent way of doing this. Yes the current coinage is mostly garbage but it is all we have. We have to get our money DIRECTLY from the Treasury because everything else is BANK CREDIT! Bravo Zulu Greg for even mentioning it!
If the Fed and the banks go poof! … sorry Dent, then all the Fed’s Notes (all US dollars will go poof)! … if the US Government survives when the banks go poof … then all Treasury “copper, nickel and zinc coinage” will have value (this is the coinage you must keep under your bed if the banks fail not the Fed’s paper dollars) … if both the banks and the US government go poof! … then only the gold and silver coins you saved under you bed will have value.
they are only “tokens”, not real money because they cost the mint very little.
The history of history! That’s a good one! Bill Holter is the Bill Klem of the financial biz. Bill Klem? He’s the old-school umpire out of the “dead ball” era, famous for never having “called one wrong.” How could Bill Klem never have called one wrong? He called them as he saw them. Give Holter credit; you know where the man stands.
And please, friends, can’t we get this MARTIAL law thing straight one last time? Marshal law (federal law enforcement officers with arrest capability functioning in judicial districts) we already have. It’s fine. What we don’t want is MARTIAL law. In ancient mythology, MARS was the god of war. Therefore anything having to do with the military or war is referred to as MARTIAL, the adjectival (modifying) form of Mars. MARTIAL law is living under the rule of the military or those in control of the military. It implies temporary (or so it is hoped) suspension of rights and due process. Martial law is not always the same thing as military law, which is decided and judged in a court martial. Martial: of, by, from or pertaining to Mars. Best always. PM
thanks Paul, I may be incorrect on something but I always tell it as I believe it.
Sometimes comedic satire can “see” through the fog of economic/financial malfeasance, long before the general populace can. This bit of satire comes from Australia and was produced over 4 years ago! How true it is. By the way Greg, excellent interview.
Lots of predictions Greg, all over the board. Reputations are on the line, yours included. I think something will happen, but I don’t see the collapse that most on here predict. The fear meter needle is barried, everyone is running around like chicken little screaming “they sky is falling, the sky is falling”. Live life accordingly, get ones house in order, this ALL may be for nothing.
Once upon a time the sky had fallen. Accounts from all over the world are the prove. It was during the exodus. I wouldn’t be surprised if it was to return again.
if the sky does not fall, your “house will be in order”. The problem is, mathematically speaking, the Ponzi scheme will fail.
Greg, thanks for having Bill Holter back on again! He and Rob Kirby are my two favorites out of all the speakers you bring on. I think the analysis regarding gold makes sense, IF history in fact repeats, which I don’t think it will. I have concluded that the financial collapse is PLANNED to occur later this year and that the reaction to that will be the excuse to bring in martial law and the culling of the herd.
I didn’t post in response to your WNW comments about Hillary because it did occur to me that there might NOT be an election, because of the institution of martial law toward the end of this year. However, it also has occurred to me that staged elections can and do take place under totalitarian governments, so that (no elections) is not necessarily a given under martial law.
There is a plan and a sequence within that plan for how things will go during the rest of this year. The situation in Greece is just one of the symptoms of the tremendous amount of turbulence and fragility being hidden from sight, but that is the red herring to keep you from seeing what is really going on.
it is a possibility.
Mr. Holder’s profound ability to dissect and explain economic reality in simple terms is truly appreciated.
Thanks for an excellent interview…
thanks Mushroom but it is Holter with a ‘t” and please don’t call me “Mr.”, that’s my Dad.
I wrote to Edward Griffin to get a reply from him to Martin Armstrong’s review of Griffin’s book “The Creature From Jekyll Island”. Griffin wrote me back via email, but he also posted my question and his reply to me on one of his websites. It seems that Armstrong has not actually read Griffin’s book and just skimmed it but nevertheless starts off his piece by making unfounded claims with regard to Griffin’s book. Armstrong is generally correct in his review of historical facts, but that is in no way a rebuttal of Griffin’s book, especially if you haven’t really read it. Armstrong has an amazing grasp of history (and so has Griffin), but the way Armstrong starts of with his review of Griffin’s book just isn’t honest. I’m a huge fan of both Griffin and Armstrong, and you can find evidence of that in my previous postings, but this just needs to be said.
Anyway, my question and Griffin’s reply can be found on:
[Period: 2015 April 18-24]
Dear Edward Griffin,
I would like to draw your attention to a reply from Martin Armstrong to a question in which he was asked if your analysis of the Federal Reserve was wrong in your book “The Creature From Jekyll Island.” He states that “The Creature From Jekyll Island” is amateurish at best and another total misrepresentation of the facts and events. He then goes into detail why this is the case in his piece [http://armstrongeconomics.com/2015/04/16/the-creature-from-jekyll-island/] dated on April 16. He then follows it up with a more general piece [http://armstrongeconomics.com/2015/04/17/the-federal-reserve-part-ii/].
I just thought it was fair that you are aware of this, so that you can formulate a reply if you choose to do so.
REPLY BY GEG:
Thanks for letting me see this. Armstrong has followed in the footsteps of numerous other Fed apologists by utilizing two techniques:
1. He has devoted most of his response to reviewing history, much of which is included in my book, and the rest of which has little or nothing to do with my thesis in the Creature. These are historical facts with which I agree and which in no way refute the thesis of my book.
2. He misrepresents my thesis creating straw-men that are easy to knock down. I conclude that he may only have skimmed through my book rather than actually reading it because, if he had read it carefully, he could not make statements, such as the following:
“Some people hate central banks because of this book, they believe Andrew Jackson was a hero and are oblivious to the fact that he set off a round of wildcat banking that ended in yet another sovereign debt default among the states who then tried to bailout their own banks.”
Note that “some people” may take this position, but that is not how I characterized Jackson – and I acknowledged that Jackson, although he defeated the central bank, set in motion trends that were not good for America. Like so many critics, Armstrong tries to put me into the same bag as others in order to discredit my work by association. Not very scholarly or honest..
“The Creature From Jekyll Island is amateurish at best and another total misrepresentation of the facts and events. It is very one-sided and ignores the real political manipulation of the Fed by the government for their own self-interest. It promotes the very same Marxist/socialistic beliefs from the Progressive Era that gave us the New Deal.”
This is total nonsense. Please ask Armstrong to document that statement. There is nothing in my book (or out of it, for that matter) that I have ever written that comes even close to such an absurd claim. Once again, he probably is talking about others who may have written on this topic, but not me. He should be called on this.
“We must also look at the context of the era from which Griffin draws his ideas. We must be EXTREMELY careful for much of what he said is sheer propaganda, directed at the bankers to support the rise of Marxism – the new Progressive Movement. This movement finally succeeded with the New Deal and the Great Depression focusing blame at bankers.”
There again is that absurd claim that I am a propagandist to support the rise of Marxism. He surely is thinking of other authors who may have confused central banking with capitalism, but I am not one of them. The fact is that central bankers and central planners, such as Communists and Fascists, have always been ideological partners, a fact that is well supported in my book.
Anyway, it would take many hours to plow through this paper and expose, piece-by-piece, the errors of Armstrong’s interpretation of my stance on the Fed. I believe my work can stand on its own merits. Just bear in mind that I agree with most of what is in this article, and filling up a lot of space with historical facts in which there is no dispute cannot be taken as a rebuttal to my book.
Thanks for sending this.
Colin, I thought you would want to know this (see my post above).
Thank you for posting this.
I think you have already gleaned from my responses to MA’s past interviews on WD that I am not a fan of his. In fact I find some of his comments so totally bazaar that I really do at times have to question his agenda.
I am however a big fan of GEG and his excellent book “The Creature From Jekyll Island” and find myself totally in awe of his courage and tenacity in writing this account and exposing what is in essence the biggest con in the history of mankind.
I find it both abhorrent and sinister that anyone would publicly dismiss this important work without apparently even having the grace to read it and understand it properly.
By the way I love when people prompt me to bang my drum about Da Fed!
Thank you for posting this.
I think you have already gleaned from my responses to MA’s past interviews on WD that I am not a fan of his. In fact I find many of his comments at times to be contradictory and bazaar to the point that I really do question his agenda.
I am however firmly in the GEG camp and greatly admire his work and his excellent book “The Creature from Jekyll Island”. He displayed tremendous courage and tenacity in writing this important account of what is in essence a bold exposure of the biggest con in the history of mankind.
I regard it as both abhorrent and sinister that anyone would publicly dismiss this book without apparently even having the grace to read it and understand it properly.
Greg, next time you have Bill Holter on, ask him a best case scenario if the reset occurs. It’s always doom and gloom and the sky is falling. But, what would happen if the reset is 80% successful…an unlikely probability, but still possible. What impact would that have on the American economy? How big a dollar devaluation, what happens to gold, etc.?
I believe the minimum drop in standard of living will be 25-30%
Greg….. Thanks for having Bill Holter on. I value his comments.
I’ve heard repeatedly that European banks no longer hold Greek debt. So which is it?
the French and German banks certainly still have Greek debt, the ECB itself hold nearly 100 billion euros worth.
Does this guy have any credibility beside going broke buying gold.
Tough to take him serious at all.
To suggest that Bill is not credible is just foolish.
Bill says what he sees. He does a great deal of research and has a gift of simplifying and writing in a fashion that regular people can understand.
I have communicated a number of times directly with him and his responses to me are such that I am comfortable in saying HE IS AS REAL AS THEY GET.
You do not have to go broke buying Gold and Silver. What he seems to be saying however has much merit.
Owning some gold and silver may be the best way to insure yourself from what seems to be close at hand.
In the end we are the sum total of the decisions we make.
No Mike, it’s tough to take YOU seriously because no one who has purchased gold(unmargined) in the history of history has EVER gone broke because of their gold position. SPAM!
Another great interview. My expectation isn’t for an obvious reset. Back in the late 1970’s I got my drivers license. Because of the economic collapse back then, our shadow government made Richard Nixon resign and we had long lines at the gasoline pumps so I had to wait in those lines after school and fill both my parents’ cars with gas. Americans will be told some BS (Bologna Sandwich) story to explain the problems we will have and everyone will accept the “New Normal” (I loved the one about how oil comes from dinosaurs). It will be a lower standard of living for all Americans, worse healthcare, poorer education system, more war, death, and poverty. That’s why I’m running for President of the USA. Call me to interview me (949) 412-9516. My campaign slogan-“Peace and Prosperity”. Jim Brown
Greg: Iran Has been put front and center, but pastor L. Williams elite friend said nothing there will happen. Obama administration always uses tricks- watch the other hand- it’s like a magic trick.
WATCH WHAT IS HAPPENING HERE IN THE USA– IT’S JADE HELM15 – PEOPLE HAVE TO FOLLOW THIS – US COMMUNIST MEDIA IS NOT MENTIONING IT AT ALL! SEE THIS! OR GOOGLE JADE HELM- MARTIAL
LAW TAKE DOWN!
ALL JADE HELM ROADS LEAD TO MIDLAND, TEXAS
CONTRIBUTOR: common sense. All Jade Helm Roads lead to Walmart The absurdity of the Midland Walmart story in which the store had to be closed because of plumbing issues is amazing. In Midland, the Walmart is closed and we see a plethora of military activity at the store. Since when did the military…
Jade Helm 15 is a dress rehearsal for Martial Law under the UN Charter this fall. Forget the MSM. They are owned by the cabal.
eyes wide open time!
Beforeitsnews is a disinformation site, along with Whatdoesitmean and eutimes. They all have the same editorial signature, borrowing legitimate material (huge plagiarists!) claiming unsubstantiated reports from inside the Kremlin, etc. It’s all propaganda, aimed at getting people stirred up. This tactic is one of the “human element” tactics described in the OSS manual and which Sun Tzu described so well in “Art of War.”
I would trust the on-the-ground report from someone who actually saw military activity going on around the Midland store, but I am quite sure that there is NO DIRECT LINK between JH and the Walmart closures. Two of the stores that were closed aren’t even in states that JH is operating in. They are both separate parts of the larger move toward preparing for martial law later this year.
Here’s how I connect the dots: JH is a TRAINING exercise that will end on September 15. The Wal-Mart closings on April 13 were ostensibly for 6 months, which would put that end point at around October 13. That gives 6 months for the stores to be stocked and staffed to deploy supplies and weapons to those on the ground who are acting to control things after the PLANNED financial collapse occurs and the predictable rioting takes place.
My guess is that that financial collapse will take place during that one month window from September 15 to October 13. The chaos will be allowed for awhile, to bring on the outcry for order, followed by marital law. Problem (created by the elite), reaction (from the predictable populace), solution (that the elite wanted to have happen in the first place).
Musashi wrote (in “The Book of Five Rings”) “Never underestimate your opponent.” The elites are behind all of this and they are very close to making their moves toward a global government. Why else would they do something so transparently false as those Walmart closings for alleged plumbing problems. The Midland store was the most prosperous in the area and had been recently remodeled, so they must be getting a very large payoff for being so helpful to the elites. Those stores will never re-open to serve the general public again!
Greg and all you WDers…we’re looking at 100’s of trillions of derivatives going poof…and t.f. the 5 too-big-to-fail banks having their balance sheets just explode (though JPM Chase has been buying millions of oz of silver just recently. And Mexico is going back to silver currencies, as well) My question to all of you thinkers…is if these 5 TBTF banks, fail and the smoke-n-mirrors western economy with it…where does that leave us homeowners who hold mortgages that are interconnected with the fiat system that is going to be going poof? Is it better to get out of this fiat paper, meaning sell your home, or better to ride it all out and stay put, grow your garden and help develope the black market that will inevitably arise due to people needing things no longer available in the shuttered Walmarts, grocery stores, etc.?
If the to big to fail banks go poof … who will you owe your mortgage payment to? … you will have squatters rights to the house and the land on which it sits can be used by you to grow food.
it will all “poof”.
Bill thank you sooo much for your sensible, down to earth perspective on the US and global Economy.
Bill, when you say it will “all go poof” do you mean that those people with houses with mortgages will have to “poof out of their houses” or will all debt go poof”, or will we just all “poof in a cloud of atomic dust”
paper assets will go poof, paper liabilities? You will still owe someone … somewhere down the line.
Just wanted to add… I truly enjoyed your interview with Bill. Like many other WD listeners, I get a strong sense that he is a deep down honest person with a truthful analytical take on what is going on. Thanks for having him on and so soon.
Excellent interview. I am definitely in the Bill Holter camp with regards to the imminent financial reset that will occur this fall into next year. The government is preparing for it as well. The ordering of extraordinary amount of ammunition for DHS. The Jade Helm exercise in the southwest. Stirring of riots in St Louis and Baltimore. Massive debt and currency wars. It is all there. I also agree that we will be in Martial Law by this time next year. And I also predict that Hillary will not be the next president because you do not have elections when there is martial law. And you can bet the Obama administration is working overtime to make it happen. Classic Marxist takeover tactics. Better make sure that you are insured with plenty of AU and AG insurance. Be Well.
they can do the math as well as we can
Thank you for bringing on Bill Holter to your show, who I believe is correct in his analysis. Although Harry Dent is a great analyst, he forgets that $17 – $23 trillion Fed (electronic) dollars (as mentioned by Dr. Jim Willie) stopped the last meltdown (and the Congress was never allowed to see where the money went), which kept the stock and bond bubble afloat for another six years. This time the Feds “will not only print like there is no tomorrow, but make 3D copies of the printer and give one to each of the ‘too-big’to-fail’ banks to keep themselves afloat, and thus make money worthless. This will ushering in “The Death of Money” and Credit will evaporate and become very expensive, thus bringing in the age of cashless society and slavish control.
I think Mr. Harry Dent underestimates the dire situation we are in. I would suggest to him to read “The End of Money and The Future of Civilisation” by Thomas Greco, Jr. No doubt there will be an increase in demand for Dollars in the short term as derivatives meltdown intensifies, and thus the rise of USDs versus other currencies and then it will evaporate as Dr. Jim Willie mentioned more than 6 months ago.
Deflation only takes place when Feds hands are tied as it was when the USD was pegged to Gold in the great depression, so they had to devalue USD by 75% in 1933 to print more money to kickstart the economy.
The last printing of money ($17-23 trillion) went into keeping the banks afloat by making whole their invested in worthless MBSs, CDOs, CDDOs, etc. My hunch is that this time some banks are being prepared to be ‘winner-take-it-all’ with mega-mergers of Citi and BoA into Goldman and JP Morgan (in-the-know bank), because the latter knows that this time money will not go into anything but precious metals because there are no other shenanigans left for the Fed’ites. That is why I believe JP Morgan is stocking up on physical Silver (55 million Tr. Oz.).
Lastly, I think you got it wrong on ISIS, Al-Qaeda and other false operatives created by helpers of The Chief Deceptor (Imposter Christ) to create an opposing group (since none existed as majority of traditional Muslims are peace-loving, except the Wahhabi/Salafi militant sect in Islam created by ibn (son of) Saud family of Arabia) to justify the elite’s ‘Clash of Civilisations’, once Communism has been done away with. New enemy is needed not only to propagate the Military Industrial Complex (as President Eisenhower warned us about) but also to keep people/sheeples in fear so that they can be steered towards the goal of ‘one world governance’ by a few people.
The deceptions of the coming Imposter Christ is too great to figure out for ordinary. I would suggest “Illuminati and Terrorism – a 3,000 year History” by David Livingstone, 2011. Nonetheless, your program (along with many others in alternative media) is bringing about a new awakening as reflected by rock-bottom Gallop Poll numbers on mainstream viewership. Thank you.
He is correct about the meltdown but very incorrect about what “money” is.
Wow, Greece causes major short squeeze in gold through derivative loses. If I understood his meaning. Then the gig is up. Our leaders better pray our gold is there. I wonder what sort of public response there would be. I admire your communicative skills Greg. I don’t know if he’s right but that type of event would leave the banker naked and set in motion a quick system collapse, I do believe. Can’t wait to see public response on this one. Time may be running out quick, and Mr. Ackerman I’m afraid would start kicking himself, to continue believing in a system, as long as he has. But will see. Good job Greg, as always, your a man.
the chain of derivatives will break.
whoa Bill, where have you been all my life . . . .?
Interesting piece from three years ago explaining Chinese bond debt to Americans.
I’ll bet you $100 that none of it happens any time within 12 months. I hope Harry, “I’ll eat my hat” Dent is reading all this. You guys just kill me.
Twelve (12) months? … China is getting ready to release how much gold they hold in reserve in July (only about two months away). Will the Fed then tell us how much gold they have? I doubt it. Right now a number of countries fiat paper holds “reserve” status (US, England, Canada, Australia, Japan, Switzerland, etc.) so adding China (the world’s largest economy) to the list on October 22 (just about six months from now) is no brainer. What is important is that Gold (the metal itself) will be added as “a separate component” in the make-up of the SDR.
The reason gold must be added “as a reserve in its own right” is because an SDR to have any lasting intrinsic value can’t simply be made up of 7 or 8 exponentially expanding fiat currencies (including the Yuan) … for as fiat promises crumble they all turn to dust … the only thing that will save the SDR from going completely worthless is gold! … of course the nation with “the most gold” will eventually outshine “all the other reserve currencies of the world” … and all the nations currencies “that got rid of their gold backing” (like the US, England, Canada, etc.) will be relegated to the dust bin of history!
it doesn’t matter if it’s within the next 12 months or not, it mathematically WILL happen.
He certainly makes a lot more sense than Dent, bring him back
bravo Bill. you do a service by reminding us all what matters. indeed, it would be quite foolish to cash in your insurance while watching satellite images of the worst hurricane ever known. nothing wrong with keeping small denominations of cash, but food for the immediate future and PMs to shelter the wealth through the storm for the post-crash world will be way, way more important.
May God bless us all throughout this. It will be the biggest event of any of our lives.
God bless you and don’t forget about provisions for your animals!
You are spot on and another great interview! Don’t you think only Greece and Turkey are of interest to Russia? Stable gas imports to Europe through them. What would Russia want with Ireland, Spain or Portugal? If Europe crashes don’t you think Russia can weather that storm and capture their assets, trade and needs at pennies to the ruble? We all know it is going to crash everywhere once the unraveling begins.
Russia and China without the USA at play will be a dark force like the world has never seen. Not to say our country hasn’t become dark with the banksters corporapists and shadow government … America was once the ideal the world saw as a hope. Who will replace that hope? Martial law will either seal the deal for tyranny or bring back the republic and state sovereignty. What say you?
your final line is very true.
Greg (and Bill), FYI the subtitle in the JH logo is “Mastering the Human Element.” It refers to the form of sabotage that is described in the OSS manual. The symbol in the center of the JH logo is a “ghosted” sabot (wooden shoe). Sabot is the root word of sabotage.
“Sabotage in warfare, according to the Office of Strategic Services (OSS) manual, varies from highly technical coup de main acts that require detailed planning and specially trained operatives, to innumerable simple acts that ordinary citizen-saboteurs can perform. Simple sabotage is carried out in such a way as to involve a minimum danger of injury, detection, and reprisal. There are two main methods of sabotage; physical destruction and the “human element.” While physical destruction as a method is self-explanatory, its targets are nuanced, reflecting objects to which the saboteur has normal and inconspicuous access in everyday life. The “human element” is based on universal opportunities to make faulty decisions, to adopt a non-cooperative attitude, and to induce others to follow suit.” (source https://en.wikipedia.org/wiki/Sabotage)
“If we concentrated on the really important stuff in life, there’d be a shortage of fishing poles.”
By Junius P. Long
Food For Thought:
If you can get arrested for hunting or fishing without a license, but not for being in the country illegally…..Then you might live in a country run by idiots.
If you have to show identification to board an airplane, cash a check, buy liquor, or check out a library book, but you don’t have to show ID for the right to vote on who runs the government …..Then you might live in a country run by idiots.
If, in the largest city of the country, you can buy two 16-ounce sodas, but not a 24-ounce soda because the government says a 24-ounce sugary drink might make you fat…..Then you might live in a country run by idiots.
If your government believes that the best way to eradicate trillions of dollars of debt is to spend trillions more….Then you might live in a country run by idiots.
If hard work and success is rewarded with higher taxes and more government intrusion, while not working is rewarded with EBT cards, WIC checks, Medicaid, subsidized housing, and free cell phones…..Then you might live in a country run by idiots.
If the government’s plan for getting people back to work is to reward them with 99 weeks of unemployment checks with no requirement to prove they applied for it…..Then you might live in a country run by idiots.
If you are offended by this article, then I’ll bet you voted for the idiots who are running and “ruining” our great country!
Love it. Unfortunately. ..the global economy is run by idiots.
And if the people of the country allow this listed idiocy to go on, then the people are worse than idiots and will get exactly what they deserve, as sad as that it to say. Best always. PM
Greg: Also wanted to mention, as Bill stated. Gold is money and has been for 5000 years. Our corrupt government has been preaching and teaching the opposite for decades, so people will think it’s not real money. The “elite’s” have told us that their money is – ‘only gold and silver’. look it up- JP Morgan Chase over the past month have purchased 17 million oz. of silver- and may I add at rock bottom prices they help manipulate. WHY, would they be purchasing so much silver in such a short amount of time. What do they know most don’t know.
Pastor Lindsey Williams latest report to the people- he stated — do not sell your gold and silver. He has said for years to get out of anything paper- it’s only worth the paper it’s printed on!! IT CAN’T BE ANY SIMPLER THAN THAT!
He was also told , as Bill has pointed out, there will be mass deflation, except in food, gold/silver, and oil products.
One of his warnings from about 5 years ago was- when you see Saudi Arabia break-out in war – the end/ collapse is very near. The saudi’s have been bombing Yemen- and Yemen has stated they will attack the Saudi’s back, and hit their oil wells.
Bingo- oil goes to $150-200 per barrel ASAP. Just what he was told by the elite’s!!
This is all planned out- whats so hard to understand.
Bill touched on Jade helm- when it starts it may not end- ie look at Baltimore, Md.
Years ago, I was told Obama’s second term would not end- because of some type of war or crisis- the fascist congress would suspend the elections. This could be fact!
Congress may make Obama and his he-she wife a dictator! I would believe just about anything now and Bill is on top of it. Harry Dent is Harvard breed- means nothing
except maybe he is part of the fascist elite’s and their plan! I was told all Presidents
since JFK have been NWO gang-elite’s bought by the banksters- and believe me- I was told that the elite’s( headed by elder Pres. Bush ) had JFK taken out.
lunatics running the asylum.
Canada on the verge of joining AIIB. Japan will join soon as well.
At this rate the headlines will soon read
Who hasn’t joined the AIIB
I enjoyed that interview. “Bill” looked off in the distance and after a pause…said he didn’t think the system would survive. Good for him. An honest reply. I enjoy watching these interviews, because it confirms, what I already know. Most people think they can move their investments around and come out of this OK. Most people believe what the government tells them, or the President, or their party, or their investment councilor, or their teacher, or some other imbecile. Most people are in denial of reality. Most people won’t believe my view. Mark Twain once said..” when you find yourself on the side of the majority, it may be time to re-evaluate your position…” So here goes. Thousands of years ago…it was written…”Will not your debtors suddenly arise, ….and all the REMNANT of the peoples shall plunder you…” “The city that went forth a thousand shall have a hundred left, and that which went forth a hundred shall have ten left,…”
Men marvel at Edgar Casey, or Nostradamus, or astrology, or all kinds of clairvoyants…. and ignore the minor prophets. Each addresses…”in the latter days…in those days…for the day of the Lord is coming…and on THAT day…on THAT day…and in that day…the day of the Lord…
So I wait…”They shall build houses and inhabit them, they shall plant vineyards and eat their fruit. They shall not labor in vain, or bear children for calamity…” That’s my view. Not very popular. But….
whatever the new “system” looks like, it will be vastly changed.
Noah wasn’t very popular till the hand of God closed the door!
Wonderful interview with Bill Holter. His comment: “…in what form will you hold your dollars” in on the right track, but we can’t know which form will really work. I agree that gold and silver coins may hold their value in a situation of a dollar “reset” but it would be fairly easy for the government to outlaw possession, or trading with PM’s. Citizens would be in danger of harsh penalties for trying yo use their gold and silver. In addition since relatively few have taken the precaution of owning PM’s, using them as a transactional medium they would open themselves up to robbery, physical harm, etc. Not a good scenario. Personally I can’t figure what single thing will work so I do many things: hold some pre 1964 dimes and quarters, own some quality stocks that might successfully weather the reset, a debt free home and car, have some cash in the bank for when “cash is king”, and keep a small business that makes a profit. Plus non-cash items like staying healthy and knowing how to fix things, etc. I don’t think there is a single solution that will weather the coming storm. With diversification hopefully not all of our “wealth” will be destroyed.
hold some metal offshore.
If I were a banker and I wanted to re-set the system without crashing it … the first thing I would do is to lower the reserve requirements on banks or when Greece, Spain, Italy, France, Portugal, etc. default on their sovereign debt simply allow the banks to carry it on their books “at cost” … this would effectively stop a derivative implosion because the derivatives held as insurance against a default “can’t be legally activated” because all the sovereign debt will be “artificially” held on the books at cost and thus no losses will be realized.
Eventually all this debt being held on the books at cost will have to be re-set or “inflated away” by massively printing more fiat paper making the dollar less valuable in terms of gold (don’t get confused by Rick Ackerman who will say that this “loss in purchasing power” of the US dollar is really “massive deflation” and therefore the US dollar will strengthen) … actually the re-set that occurs “will not make gold more valuable” but will simply assign four or five times more dollars to each ounce … the result will be gold selling for say $5000 “deflated away” dollars instead of the $1000 current dollars.
Do we make any money on this coming re-set? … No! … all we do is get to keep the purchasing power of the current dollar … and theoretically there should be no capital gains tax due when you eventually sell the gold you bought at $1000 and sold at $5000 … but try explaining that to an IRS agent … so don’t expect gold to protect you “completely” … because in any re-set the government will likely say you made a “capital gain” and therefore owe them 30 percent of the “profits”!
As for Harry Dent … he will tell you to get rid of your gold and hold on to your paper dollars because they will be “valuable to have” in the coming re-set … yes … they will have “some value” … just “five times less value” then the current dollar … a gallon of milk that currently costs $3 dollars will sell for $15 dollars per gallon after the re-set … so effectively what Dent is telling you is to hold $15 “current” dollars under your mattress so you can buy one gallon of milk when the re-set occurs … when instead you could simply buy a one ounce silver coin for $15 dollars today and then when the re-set occurs use it to buy about 10 gallons of milk with that one coin (instead of getting just one gallon using the Dent strategy).
no, they have been trying to reflate for years, ultimately it will not work.
What if the banks decide to raise the price of gold to cover liabilities? Which will benefit Russia, China, India, and other countries? Raising the price of Gold is easier than totally restructuring currencies and debt .. addressing exposure.
Raising the price of gold to pay debt would probably work except for one problem…which countries will agree with what price.
If the US says ….we are pricing gold at 10 K an ounce and other countries do not agree….then what?
revaluing gold is only part of what needs to be done.
Marshall law by this time next year…that would explain the 5 mega-walmart closures due to “plumbing problems” and jade helm happening “only in the south.” Guns and gold and the people who own them are the new enemy as declared by the justice department. We are the informed. Thank you Greg!
The Fed will be trying to maintain financial stability as the re-set occurs … along with the Fed’s existing dual mandate to achieve maximum sustainable employment and maintain price stability.
So what would we WatchDoggers do if we were in charge at the Fed … it’s as easy as one, two, three … to maintaining price stability (just institute price controls) … as for employment (just give everyone a government job) … and to maintain financial stability (just print, print, print and print)!
Now do you think the Fed is any better then we WatchDoggers? … If not … then this is what we should all expect:
1) Price Controls = shortages
2) Government Jobs = no incentive alleviate the shortages
3) Print, print, print = inflation (or as Rick would say deflation of the dollar)
it won’t work.
Thanks for all you are doing !! I think you are appointed a “Watchman” and you are doing your job !
There is a false belief that if I can prove you wrong I must be right, therefore if Bill Holder proves Harry dent wrong it does not make him right, they both may be wrong ? All is on the line with forecasters at this time, many (maybe majority) will loose all credibility and disappear.
I think we will have a resource problem, the new money will be resources and primarily food. Obviously a hungry man will not swap food for gold.
We will see very soon ?? “Fear not and have faith in God” , “They will cast their idols of gold and silver to the moles and the bats”. What do moles and bats have in common, they both live in darkness. Bats can see according to the bat museum
Thanks again for your efforts. I still say there is division at the top.
Don, please read my archived article “Dangerously “Dent”ed logic archived at http://www.Milesfranklin.com and tell me where my logic is wrong?
Always great info from Bill Holter and Rob Kirby. These are do not miss interviews. Would be even better if you let them run with an answer and not constantly interrupt. Thanks Greg
Below is a link to a very sobering article by PCR about the disgraceful behaviour of Washington and it’s vassal states on the world stage. This comment by him about sums it up:
“It must be disappointing to the Russian government to see that leaders of the European Union prefer to endorse nuclear war than to challenge Washington’s propaganda.”
When Bill Holer speaks, people listen… thats kinda an inside joke (right Bill?) but people would be wise to listen to Bill Holter. He is one of the best anaylists I have found. Thanks for having him back Greg.
funny thing, I started my career with none other than EF Hutton!
…the German, French and other Banks have had 5 years to counter balance deriratives…I am guessing, I do not know…But these Banks ‘know’ the truth, they will try to protect themselves. And who bought and made huge profits on Greek, Italy, Portugal Bonds over the last 5 ears – the Banks!!!
We shall see.
how much time did they have to adjust to Switzerland breaking the euro peg? A 30% move in 5 minutes!
Listening to Harry Dent and Bill Holter almost back-to-back brought back nothing but memories of my grandparents who raised families and survived during the Great Depression.
My grandparents carefully taught me the value of the “mason bank” (cash in a mason jar buried in the flower bed). And when they passed we found gold or silver coins in the pocket of almost every garment in the closet.
True survivors of the Great Depression say BOTH Harry and Bill are right!
The national scene is getting downright scary with police brutality like I have never seen in my lifetime. My family was stopped in New Jersey during a vacation trip over spring break, which included my elderly mother and two teenage sons. During the stop my mother who was in the passenger side of the car politely asked the officer where the speed limit sign was because we were stopped going 65 in a 55 mph zone, but none of us saw the speed change. My two teen boys were in the back seat and the other officer went around and motioned my mother to roll down the window. When she did, the second officer punched my mother in the face because as the officer said, “I ask the questions here.” My 16 year old son got out of the car to try and convince the officer not to strike my mother again and he was kicked to the ground and handcuffed on his stomach and then assaulted with blows to the head and kicks to the side and stomped on. My other 14 year old son started videotaping all of this with his phone and the other officer grabbed him out of the car and started punching and kicking him also and then he was handcuffed as well. The police officer took his phone and got a small sledgehammer out of his trunk and smashed the phone to bits of glass, plastic and metal saying it was illegal to interfere with an officer and charged both of my sons with assault of a police officer with a deadly weapon, battery of a police officer, obstruction of justice and resisting arrest. Our family ended up with my oldest son in the hospital for 3 days to recover plus we had to put our house in South Carolina up to raise bond for my two boys. We also have driven up to New Jersey for the court date twice only to have them cancelled twice and rescheduled. We filed a complaint with their internal affairs and was told by the officer taking the complaint that we were making the mistake of our lives and could all end up dead because “making false representations” was really frowned on by police everywhere. I took this to mean that he was going to contact our local police in South Carolina to have them harass us. This made me even more angry so I asked for a supervisor and although he did’nt threaten us, he acted like he didnt believe a word any of us said. At this point, I am not sure what kind of country we live in anymore. I dont understand why asking a question during a traffic stop ends up like this. The people in Baltimore are asking why a young man who was supposedly carefully placed in the back of a police cruiser arrived with a severe spinal cord injury and died. The police brutality seems to be getting so common that I wonder if we should ever go anywhere out of our area again or just leave the country altogether,
An expression at Romans 13:1 designating human governmental authorities. That scripture has been variously rendered: “Let every soul be in subjection to the superior authorities, for there is no authority except by God; the existing authorities stand placed in their relative positions by God.” (NW) “Let every subject be obedient to the ruling authorities, for there is no authority not under God’s control, and under His control the existing authorities have been constituted.” (We) “Everyone must obey the state authorities, for no authority exists without God’s permission, and the existing authorities have been put there by God.”—TEV.
God, though not originating them (compare Mt 4:8, 9; 1Jo 5:19; Re 13:1, 2), has allowed man’s governmental authorities to come into existence, and they continue to exist by his permission. However, when he chooses to do so, he can remove, direct, or control such authorities in order to accomplish his will. The prophet Daniel declared regarding Jehovah: “He is changing times and seasons, removing kings and setting up kings.” (Da 2:21) And Proverbs 21:1 says: “A king’s heart is as streams of water in the hand of Jehovah. Everywhere that he delights to, he turns it.”—Compare Ne 2:3-6; Es 6:1-11.
Reasons for Christian Subjection. There being no reason for Christians to set themselves in opposition to an arrangement that God has permitted, they have good reason to be in subjection to the superior authorities. Governmental rulers, though they may be corrupt personally, would not normally punish others for doing good, that is, for adhering to the law of the land. But a person who engages in thievery, murder, or other lawless acts could expect an adverse judgment from the ruling authority. One guilty of deliberate murder, for instance, might be executed for his crime. Since God authorized capital punishment for murderers after the Flood (Ge 9:6), the human authority, by executing the lawbreaker, would be acting as “God’s minister, an avenger to express wrath upon the one practicing what is bad.”—Ro 13:2-4; Tit 3:1; 1Pe 2:11-17.
Christian subjection to the superior authorities is not based merely on their ability to punish evildoers. With a Christian, it becomes a matter of conscience. He is submissive to human authorities because he recognizes that this is in harmony with God’s will. (Ro 13:5; 1Pe 2:13-15) Therefore, subjection to the superior authorities—to worldly political authorities—could never be absolute. It would be impossible for a Christian to preserve a good conscience and do the divine will if he broke God’s law because that is what the political authority demanded. For this reason, subjection to superior authorities must always be viewed in the light of the apostles’ statement to the Jewish Sanhedrin: “We must obey God as ruler rather than men.”—Ac 5:29.
Melissa never underestimate the power of God, when all else fails pray, prayer changes things!
Why does it seem like God isn’t there when i need him?
The value of any commodity is based upon supply and demand. In a hyperiflationary event and/or a total social breakdown, neither gold nor cash will serve a practicle purpose.
Food , water, firewood, propane, wood stoves, clothing, ammo, whiskey ect, ect… will be the assets to own,
WRONG prepper, gold will get your net worth from here to there and your silver will spend in the meantime. You are correct about all of the other preps.
PCR was “right on” when he quoted Putin’s response to Obama’s claim of American superiority: “God created us all equal.”
Putin then added: “It is extremely dangerous to encourage people to see themselves as exceptional … whatever the motivation.”
Greg, Mr. Holter may be on to something about martial law coming. Life goes on during martial law, among others, price controls are instituted, money is printed, military on the streets, grocery vouchers go into effect, curfew is enforced, guns are confiscated, schools & other public structures are used as concentration camps for the arrested, no-knocks law take our sons away if they get on a secret list of agitators, our beloved militarized police say “yes sir” & reload, and the best is yet to come; our present Government gets to govern in perpetuity. If this scenario would happen sooner rather than latter poor old Hilary would get beat by Obama again!
Greg, I’m posting an article showing the planned role the IMF will take at the next crisis. It also has a link in it, for the planned SDR use and a global currency, which has already been created back in 2010. It appears the IMF will, a the next collapse, be the central bank of the world and take total control of global monetary policy. Our leaders are planning on commenting treason, as it did by allowing federal reserve to control our money supply. They will have the new currency ready to distribute and will use the collapse as a tool to sell it to the world. Nations all over the world, are planning on this transition, and China has been allowed the time to accumulate gold and to prepare there currency for a reserve status. http://lfb.org/wp-content/uploads/2015/04/goldcurrency.jpg
The “church” is supposed 2fast n pray.NOT give judgements!Just comment n leave it 2your Supreme court.Now i see what happens when you allow the FLESH to reign.DON’T judge.Leave it2 God.
We’ve had the BEST Kings so far but with the worst Advisors.It was our role 2stand in the gap.Its a spiritual war n even reptilians can become ‘paul’.
I don know what u have seen but Pray 4His will n u will be safe.The ‘octopus’ in your Gov. is beyond beyond..
Hill is strong.All that “Bill C.” n still on?Amazed!
What made you a good interviewer was that you let the guest talk uninterrupted.
Not so much anymore. Ask the question and then shut the heck up!
Let me fantasize..I’ve already seen grenades,thanx 2shabab.If u will ever visit Africa,kindly carry with u some nukes as a souvenir.gee!am i sober?I’l ask the bear 2send me a photo of his latest subM.
A.Elliots,don’t be cracked up.We are yet 2understand what marijuana is all about.If i was there,i could have been bullyin u people the Kim style coz you r so much in2 politix.Wonderin what he’s up2 of late..
It’s so quiet here.Wonderin what next.Am in the city n we r safe.
Dent may be able to work till he 80, but then he has already made his money. The poor working guy is worked to death these days in the private sector. I saw my parents dye before retirement, I have no intention to work beyond 62, at least full time that is.
I read somewhere that Kim will be visited by Jesus in his room.Someone commented n said..on planet earth or while in heaven?I just laughed n concluded that 4a person of his character,i wouldn’t be surprised if he takes a 1km lap race before he confesses it to anyone just to make sure that he wasn’t watchin a ghostBuster movie.Yeah;seeing is believin.
Nearly forty-five pages that relate to OMFIF, and their secret meeting almost two weeks ago in D.C.
I love all the different views great job GREG ! You need to get JAMES CORBETT of the Corbett report on for your listeners I love to listen to Bill Holter so please do what EVER it takes to get JAMES CORBETT on your listeners will love him! Thank you Greg great job.
JAMES CORBETT JAMES CORBETT JAMES CORBETT
PLEASE PLEASE PLEASE
THANK YOU THANK YOU THANK YOU
I liked both interviews with Holter and Dent. There is nothing wrong with presenting opposing viewpoints. I liked Dent’s take on how he dollar will be valued in the short term (barring a violent or event driven reset). Dent’s work on demographics cannot be ignored, but he assumes a rather stable economic environment. This interview was the first I’ve heard him speak of a SHTF environment. All the rest I lean towards Bill Holter’s views.
Greg, one thing I’d love to see addressed by your guests – what other items, besides silver and gold can be used as a store of wealth? Classic firearms? A classic restored truck? Art work? Timberland? What can we do to diversify a little beyond just silver and gold? I am not talking about prepper stuff here – I am most interested in what will store wealth that can later be traded or sold in whatever “currency” is being used after any sort of reset.
Present Blessings in Spiritual Security
Although we cannot expect complete security in life today, there are things we can do that will help us lead a relatively stable and secure life. For example, regular association with the Christian congregation at the meetings contributes to stability because there we are taught right and sound principles and values. Paul wrote: “Give orders to those who are rich in the present system of things not to be high-minded, and to rest their hope, not on uncertain riches, but on God, who furnishes us all things richly for our enjoyment.” (1 Timothy 6:17) By learning to put their trust in God and not in fleeting material things or pleasures, many have been able to rid themselves of the anxieties and frustrations they formerly had to bear.—Matthew 6:19-21.
In the congregation, we also enjoy a warm brotherhood, which provides assistance and support in numerous ways. At one point in his ministry, the apostle Paul and his traveling companions felt “extreme pressure” and were “uncertain even of [their] lives.” Where did Paul find support and relief? Of course, his trust in God never wavered. Nonetheless, he was encouraged and consoled by fellow Christians who came to his aid. (2 Corinthians 1:8, 9; 7:5-7) Today when natural disasters or other calamities strike, time and again our Christian brothers are the first on the scene to render needed assistance materially and spiritually to fellow Christians as well as to others in need.
Another avenue of help to deal with life’s uncertainties is prayer. We can always turn to our loving heavenly Father when we are under unexpected pressure. “Jehovah will become a secure height for anyone crushed, a secure height in times of distress.” (Psalm 9:9) Human parents may fail in protecting their children. However, God is willing to help us to cope with our fears and feelings of uncertainty. Throwing our anxieties upon God in prayer, we can be sure that he can “do more than superabundantly beyond all the things we ask or conceive.”—Ephesians 3:20.
Do you regularly turn to God in prayer? Are you convinced that your prayers are heard by God? “My mother told me that I should pray to God,” said a young girl in São Paulo. “But I asked myself: ‘Why speak to someone I do not even know?’ However, Proverbs 18:10 helped me to understand that we need God’s help and we have to speak to him in prayer.” That scripture says: “The name of Jehovah is a strong tower. Into it the righteous runs and is given protection.” Really, how can we develop trust and confidence in God if we do not make it a habit to speak to him? To enjoy the blessings of spiritual security, we need to make daily heartfelt prayer a habit. Jesus said: “Keep awake, then, all the time making supplication that you may succeed in escaping all these things that are destined to occur, and in standing before the Son of man.”—Luke 21:36.
Something else that we can be certain about is our hope in God’s Kingdom. Notice the words at Daniel 2:44: “The God of heaven will set up a kingdom that will never be brought to ruin. And the kingdom itself will not be passed on to any other people. It will crush and put an end to all these kingdoms, and it itself will stand to times indefinite.” That hope is solid and is something we can be certain about. Human promises often fail, but we can always trust in God’s word. Rather than being undependable, God is like a rock mass that we can rely on. We can feel like David, who said: “My God is my rock. I shall take refuge in him, my shield and my horn of salvation, my secure height, and my place for flight, my Savior; from violence you save me.”—2 Samuel 22:3.
The aforementioned book Managing Your Mind further observes: “The more one thinks about the bad things that might happen, the more likely they seem, and the harder it is to see how to cope with them.” So then, why allow ourselves to be burdened by the anxieties and doubts of the world? Instead, replace the uncertainties of this world with the certainties that God provides. By holding fast our faith in God’s unfailing promises, we have this assurance: “None that rests his faith on him will be disappointed.”—Romans 10:11.
Fear not, God’s Word guarantees future blessings for mankind!
Nice interview Greg. It is fair to say that perhaps gold now is a commodity only because no-one accepts it as money? If the dollar collapses and shopkeepers and business starts accepting silver coins or gold bullion as currency, then Bill Holter’s hypothesis becomes true. As always, the problem is in the timing, Mr. Rent (or was it Dent?)positions remains valid as long as the party goes on and the music doesn’t stop. both are right, depending on how the events develop.
Nice piece bill, another good watchdog bit, always enjoy listening to you bill, 🙂
Bill, FYI, got the text blogs initial posts up, and video studio set up, and now will start teaching Americans where we’ve been, are now, and are headed, the problems and the solutions, while humiliating any DEM/REPs. THIS WILL BE A FUN and a satisfying time over the next 8 months. Figure by year end, clips will go viral, setting up LP nomination and then the presidency.
Derrick Michael Reid, For President, 2016
RESTORING AMERICANA GREATNESS
Constitution Peace&Prosperity Liberty&Freedom
I do not have time to read all the comments, so someone may have mentioned this. I thought for sure once the conversation turned to negative interest rates, there would follow a discussion on the new move to prevent money from being withdrawn from the financial institution and stored somewhere else. A pension fund manager calculated he could save the fund money by withdrawing and storing it outside of the bank rather than paying negative interest rates. The bank said ‘sorry, that’s against government policy.’
There appears to be blurred lines between government and the finance industries.
Holter’s statement that this country will be under martial law a year from now is no comfort but would seem about right in terms of the next election. It seems other countries with greater economic problems would be under martial law first. But I’m beginning to wonder if the efforts of this administration to generate class and racial tensions and violence is part of the plan to hasten the “need” for martial law. I wonder if Hillary is a distraction to keep us thinking there’s going to be an election in 2016 when there is no intention of allowing an election. This over the top crap in Baltimore just seems so bizarre. With that happening in about a dozen major cities at the same time we could very well see a major lockdown in this country.